Taxation Blog

Your Tax Deadlines for January 2025 07 January – PAYE submissions and payments. 20 January – End of Filing Season 2024 for Provisional taxpayers & Trusts. 24 January – VAT manual submissions and payments. 30 January – Excise duty payments. 31 January – VAT...

Maximise your company car or travel allowance with a detailed logbook If you have received a travel allowance or have driven a company car during the 2025 tax year, you need to record your mileage reading as of 28 February 2025. It is compulsory for taxpayers who...

Donations  Donations made during your lifetime do not form part of your personal estate on death. Annual donations made by you up to R100,000 are exempt from donations tax - If you and your spouse each donate R100,000 per tax year to your Family Trust, your combined...

With the upcoming Budget on 19 February 2025 and the end of the individual’s tax year looming on 28th February 2025, the following comprehensive year-end tax planning guidance and “tax saving tips” can help you to minimise your tax burden and protect your wealth. The...

We are in the process of preparing the second provisional tax returns for the 2025 tax year - due for submission to SARS by 28 February 2025. We would therefore appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE...

Your Tax Deadlines for January 2025 07 January – PAYE submissions and payments. 20 January – End of Filing Season 2024 for Provisional taxpayers & Trusts. 24 January – VAT manual submissions and payments. 30 January – Excise duty payments. 31 January – VAT...

Starting a New Business? Here Are the Tax Implications... “A goal without a plan is just a wish.” (Antoine De Saint-Exupery, author of The Little Prince) Want to start a business? SARS warns you to be aware of the tax obligations of running a business, whether it’s in...

Tax Compliance in 2025: Help Is at Hand "Being tax compliant and ‘paying your fair share’ is not just good for you, but also contributes to the positive growth of our country’s economy which in turn benefits all South Africans." (SARS) Being tax-compliant is a legal...

Your Tax Deadlines for December 2024   06 December – Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 December – Value-Added Tax (VAT) manual submissions and payments 30 December – Excise Duty payments 31 December – Corporate Income Tax (CIT)...

The Bi-annual August 2024 PAYE reconciliation period is from 16 September 2024 - 31 October 2024. - All employers must prepare and submit their declaration (EMP501) and employees’ IRP5’s to SARS reconciling the PAYE/SDL/UIF paid during the period 1 March 2024 to 31...

We are in the process of preparing the first provisional tax returns for the 2024 tax year, due for submission to SARS by 30 August 2024. We would therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE...

Post shared courtesy of: Neesa Moodley (Personal finance editor) Business Maverick | Daily Maverick Money Cents webinar: 2-pot retirement reform Monday, 8 July 2024 🍲 💸 How much will your two-pot withdrawal really cost you?   After hosting a...

South African Revenue Service (SARS) has warned taxpayers to be aware of emails or SMS’s that ask for personal, tax, banking, and eFiling details indicating that taxpayers are eligible to receive tax refunds OR even where SARS is “owed” monies. Taxpayers may receive...

15 July 2024 is the official start of the 2024 Tax filing season – SARS is encouraging all taxpayers to use SARS e-filing channels to file their tax returns with amended deadline dates: Type of Taxpayer Channel Due Date Non-provisional and provisional taxpayers...

The Annual Reconciliation Declaration (EMP501) submission period has opened on 1 April 2024 with final submission deadline being 31 May 2024. The employee data that must be submitted by 31 May 2024 should cover the transaction period 1 March 2023 to 28 February 2024,...

The 2023 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission deadline has been extended to 31 May 2024 (the initial deadline was 31 March 2024). The Workmen’s Compensation website for online submission/transacting on...

The Annual Reconciliation Declaration (EMP501) submission period has opened on 1 April 2024 with the final submission deadline being 31 May 2024. The employee data that must be submitted by 31 May 2024 should cover the transaction period 1 March 2023 to 28 February...

The 2023 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission deadline has been extended to 31 May 2024 (the initial deadline was 31 March 2024). The Workmen’s Compensation website for online submission/transacting on...

2024/2025 Tax Guide We are excited to launch our new electronic 2024/2025 tax guide to assist you with the tax legislation. Please contact us should you like a complimentary printed version and we will arrange for it to be available for you when we next see you. To...